Electronics giant Sony is moving its European headquarters from the UK to the Netherlands. In a statement to news agency AFP, it said that the move was to avoid disruptions caused by Brexit. However, it said that it won’t shift people and operations from the existing UK unit. [Yahoo Finance UK]
Sony is moving its European home office from the U.K. to the Netherlands as it tries to maintain a strategic distance from disturbances to transportation and traditions methods following the British exit from the European Union,
The Japanese innovation goliath will combine England-based Sony Europe, which deals with its European gadgets business, into another backup in Amsterdam. The new element will start activities in April, after Brexit toward the finish of March, while the U.K. arm will keep on overseeing item imports and deals, with no faculty to be moved.
England may leave the alliance's traditions association as a major aspect of its separation from the EU, prompting increasingly convoluted import and fare techniques. By having its home office enlisted inside the EU, Sony would like to keep exploiting the current traditions routine, guaranteeing a steady supply of items. Panasonic likewise moved its European central station to Amsterdam in October to maintain a strategic distance from potential expense issues.
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